Two major themes that have been dominating the MBS market so far in 2012 are the third round of quantitative easing, or QE3, and refinancing activity associated with the changes to the Home Affordable Refinancing Program, dubbed HARP 2.0.
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Securitization in non-traditional ABS asset classes will increase this year, according to a Standard & Poor's report emailed this morning.
April 23 -
The mortgage industry will be saddled with high legal costs if the Consumer Financial Protection Bureau (CFPB) provides a low bar for attorneys to challenge a lender’s adherence to the bureau’s “ability to repay” underwriting standards, according to the Consumer Mortgage Coalition (CMC),which represents some of the nation’s largest banks.
April 23 -
Enterprise Fleet Management (EFM) is in the market with a $497 million transaction rated by Moody's Investor Service and Standard & Poor's.
April 23 -
Raj Date, the deputy director of the Consumer Financial Protection Bureau (CFPB), said the agency wants to avoid creating "disincentives" for mortgage lenders and banks as part of the qualified mortgage (QM) rule.Date also assured consumer and civil rights groups that access to credit is a "priority" for the agency and there will be "real consequences" for mortgage lenders that do not properly assess a borrower's ability to repay a loan.
April 23 -
Whole Loan Capital (WLC), New York, is in the market with a $4.8 billion 'flow' servicing deal that will be sourced through a handful of different lenders.
April 23
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On Friday a judge decided that a case seeking to reverse bond insurer MBIA’s 2009 transformation into two companies will go to trial on May 14.
April 23 -
This week was one of those rare ones so far this year that had no market roiling headlines, and it made for rather monotonous trading for the most part.
April 20 -
CMBX coupons have dipped an average of five basis pointss across the index, according to Royal Bank of Scotland analysts. This is given that shortfalls and losses rose higher in the capital structure.
April 20 -
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The non-mortgage ABS primary market has seen its strongest start since the 2008 to 2009 credit crisis, according to a Barclays Capital report released this afternoon.
April 20 -
Middle market lender NXT Capital is prepping its first collateralized loan obligation.
April 20 -
The latest conduit offering from JPMorgan and Ladder Capital called JPMCC Commercial Mortgage Securities Trust 2012-C6, priced this week, with the last cash flow pricing at 115 basis points over swaps, according to analysts at Barclays Capital.
April 20
